Rabobank expects stable commodity markets in 2014

In its Annual Agri Commodity Outlook report, Rabobank on Tuesday indicated that commodity markets are expected to be stable into 2014, a change of pace from the past decade. Record prices and extreme volatility, which have been staples of the ag markets since the early 2000s, Rabobank says, will likely be replaced by more balanced fundamentals and narrower trading ranges in 2014.
Overall, recent high prices have made it beneficial for farmers to increase planted acreage for grains and oilseeds, and with few production setbacks in 2013, production has outpaced consumption. Rabobank says while most of the price easing has already taken place, grains and oilseeds prices will continue some easing into 2014………………………………………..Full Article: Source